Wednesday, July 1, 2009

Ponzi Schemes

Bernie Madoff was sentenced to 150 years for his elaborate ponzi scheme, but there's a ponzi scheme in D.C. that would make even Bernie boy blush. First, the president told us they had to pass the stimulus bill quickly or unemployment might reach 8%. Of course it was shoved through on a Friday, without anyone reading it, and the president was vacationing in Chicago with the first lady and didn't come back to sign it until Tuesday. Unemployment is now 9.4% and rising. Then He said I have no interest in Running companies, while his administration, after bailout mania, is now calling the shots at AIG, Chrysler, GM. etc. Next the house passed the so called cap and trade bill, claiming it will create, in Nancy Pelosi words, jobs, jobs, jobs, jobs. And of course we all believe that now, don't we? And now, the president is claiming that his health care initiative will cover another 47 million, while reducing cost and improving care. Wow, if you believe that, I'm sure you're convinced he is the messiah and can feed 5 thousands with a loaf and 2 fish.

The problem with this ponzi scheme is that the sentence is going to be handed out to the American people. 150 years of hard labor, and generations of a lower standard of living. Maybe Obama should command his GM minions to create a new fleet of turnip trucks so the public can continue to fall off of them. Wake up people, your future is being spent exponentially.

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